Renovated Duplex with
For Sale
$850,000
23160 Ida Lane, Hayward, CA 94541
Two updated residences offer private parking, central forced air, and flexible occupancy options.
Property Size1,608 SF
Lot Size0.13 Acres
Price / SF$528.61
Days on Market121
Property Features for 23160 Ida Lane
General Information
Standard status
Active
Size
1,608 SF
Total Parking Spaces
4
Lot size
0.13 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Central Forced Air
Public Utilities, Water - Public, Shingle
Building Details
Year Built
1958
Buildings
1
Listing Agency:
BRG Realty
Listed By:
Evan Nguyen
(408) 689-8840
Source:
Kw
Added: May 6
Changed: Sep 2
Last Checked: Sep 3 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRG Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex contains 1,608 sq. ft. across two two-bedroom, one-bath units. Each residence includes a private one-car garage and an assigned off-street parking space, while central forced air serves the interiors. The property sits on a 5,799 sq. ft. lot and was built in 1958.
Located at 23160 Ida Lane in Hayward, the duplex is near Downtown Hayward, BART, and the I-880 and I-580 corridors. Public utilities and public water service are in place, and the exterior includes shingle materials. The two-unit configuration supports occupancy in one residence while leasing the other or operating both as rental units.
Located at 23160 Ida Lane in Hayward, the duplex is near Downtown Hayward, BART, and the I-880 and I-580 corridors. Public utilities and public water service are in place, and the exterior includes shingle materials. The two-unit configuration supports occupancy in one residence while leasing the other or operating both as rental units.
Key Highlights
- Fully renovated duplex at 23160 Ida Lane, Hayward, CA 94541
- 1,608 sq. ft. building with two 2‑bed, 1‑bath units
- Each unit includes a private one‑car garage and assigned off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,668
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,360
$693.4K
Cap Rate 7%
$495,257
$495.3K
Cap Rate 9%
$385,200
$385.2K
Market Conditions
NOI Build-Up for 1,608 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.1K $32.40/SF
− Vacancy
−$2.6K −$1.60/SF
EGI
$49.5K $30.80/SF
− OpEx
−$14.9K −$9.24/SF
NOI
$34.7K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,360
Cap Rate 7%
$495,257
Cap Rate 9%
$385,200
Alternative Uses
Best Use
Multifamily LT 5
$495.3K
$433.4K – $577.8K
NOI $34,668 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$445.6K
$389.9K – $519.8K
NOI $31,189 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$497.1K
$434.9K – $579.9K
NOI $34,795 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer private parking, central forced air, and flexible occupancy options.
Where is this duplex located?
The property is located at 23160 Ida Lane Hayward, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully renovated duplex at 23160 Ida Lane, Hayward, CA 94541; 1,608 sq. ft. building with two 2‑bed, 1‑bath units; Each unit includes a private one‑car garage and assigned off‑street parking
